Technip in a JV with Odebrecht and ICA Fluor Awarded Large EPC Contract by
Braskem Idesa for the Ethylene XXI Project
PARIS -- October 04, 2012
Braskem Idesa S.A.P.I. awarded to a joint venture formed by Odebrecht (40%),
Technip (40%) (Paris:TEC) (ISIN:FR0000131708) and ICA Fluor (20%) a contract
worth more than US$ 2.7 billion (around €2.1 billion) for the engineering,
procurement and construction (EPC) of a petrochemical complex to be built in
the Coatzacoalcos/Nanchital region, in the Mexican state of Veracruz.
The petrochemical complex will include the following facilities:
*An ethane-based ethylene cracker, producing 1 million tons per year, using
Technip proprietary technology.
*Two high density polyethylene plants using INEOS Innovene™ technology
*A low density polyethylene plant using BASEL Lupotech technology.
*Storage, waste treatment and utility facilities, including a 150 MW
combined cycle power and steam co-generation plant.
*A multimodal logistics platform for shipment of 1 million tons per year of
polyethylene via bulk train, bulk truck or bagged.
*Administrative, maintenance, control room and ancillary buildings.
The JV project team will execute the contract in several operating centers
mainly located in Nanchital and Mexico City (Mexico), Rome (Italy), Lyon
(France) and Rotterdam (The Netherlands). The project is scheduled for
completion, with the plant ready for start up, in June 2015.
This award follows the successful execution of the front-end engineering
design of the ethylene, HDPE and utilities contracts awarded to Technip in the
first quarter of 2011 and the front end engineering of the offsites facilities
executed by Odebrecht and ICA Fluor during 2011.
Thierry Pilenko, Technip’s Chairman and Chief Executing Officer declared:
“Technip is delighted to have been awarded this large contract with long-term
and tier-one partners such as Odebrecht and ICA Fluor. The Ethylene XXI
cracker will be the most modern and efficient in operation in the Americas and
will use Technip’s state-of-the-art technology. We are leveraging our
relationship with Odebrecht in Brazil and our technology portfolio, which has
been recently expanded with the acquisition of Stone & Webster process
technologies and associated oil and gas engineering capabilities, to accompany
Braskem in its international development. We are really proud to have earned
the trust of Braskem Idesa as Technip’s know-how and expertise will bring
important benefits to this major projet.”
About Braskem Idesa
Created in 2010, Braskem Idesa S.A.P.I. is a joint venture between Braskem SA
(Brazil), the largest petrochemical company in the Americas and Grupo Idesa, a
leading Mexican petrochemical company. Together they are developing the
Ethylene XXI project, which focuses on the construction and operation of a
petrochemical complex to produce polyethylene in the state of Veracruz,
Mexico. The project requires a fixed investment of 3.3 billion dollars and
will start operating in 2015.
Odebrecht is a global organization founded in Brazil in 1944 as a construction
company. It grew, diversified its business areas and nowadays has been
operating in heavy construction, infrastructure, environmental engineering,
real estate development, energy, oil and gas, chemical and petrochemical
sectors, defense and technology, naval construction, bioenergy, transportation
and logistics, stakes and investments. With operations in 22 countries in four
continents, Odebrecht has products sold in 56 countries, and employees of over
50 different nationalities.
Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 30,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPK).
About ICA Fluor
ICA Fluor is a joint venture of Fluor Corporation and ICA, dedicated to the
engineering, procurement, construction and maintenance of industrial
facilities in the oil and gas, chemical, petrochemical, automotive, power,
mining, and telecommunication industries in Mexico, Central America and the
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